finding the cost of the item and the dollar markup

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

bargains galore sells a cappuccino machine for 110$. this retailer uses a 5% markup based on cost for this type of merchandise.

calculate the following (round your to the nearest cent)

cost of the item=$

cost of the dollar markup=$

Apr 26th, 2015

cost of the item=$110*100/105=$105

cost of the dollar markup=$105*5/100=$5


Apr 26th, 2015

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Apr 26th, 2015
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Apr 26th, 2015
Jun 24th, 2017
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